AFA concern over 'fee for service' model
21 March 2006
The Association of Financial Advisers is concerned about calls for the introduction of a fee for service structure, saying it could do more harm than good for consumers…
Life Insurance
Westpoint now affecting PI premiums
21 March 2006
While premiums for professional indemnity insurance for financial planners may have dropped in the past 12 months, the recent developments in the Westpoint collapse…
FPA announces new CEO
14 March 2006
The peak body supporting financial planners, the Financial Planning Association, has appointed the former Deputy CEO of the Investment and Financial Services Association…
ACCC extends genetic testing ban
14 March 2006
The Australian Competition and Consumer Commission has extended for a further five years its ban on life insurers requiring customers to be genetically tested…
Westpoint actions stir FPA
14 March 2006
While as many as 4000 investors lost up to $300 million in the Westpoint Corporation collapse, the Financial Planners Association has only received 10 complaints about members…
Retirement gap still wide
14 March 2006
The average employee retires about $93,000 short of what their lifestyle requires, according to new IFSA research…
New FPA principles drive higher standards
07 March 2006
The Financial Planning Association has released new principles for managing conflicts of interest to mark what it calls the “beginning of a new relationship” between…
FPA farewells CEO
07 March 2006
The FPA farewelled CEO Kerrie Kelly yesterday, and announced her short-term replacement, COO Andrew Miles…
FPA acts on dodgy planners
28 February 2006
The Financial Planning Association is setting out to differentiate its members from other planners…
Strong case against Westpoint financial planners
28 February 2006
Melbourne-based legal firm Slater & Gordon is pursuing claims on behalf of 2000 Westpoint investors following the corporate collapse of the company, whose mezzanine finance schemes…
IFSA regulation recommendations
28 February 2006
The Investment and Financial Services Association wants the Government to rely more on industry codes of practice as a regulatory tool…
FPA finally triumphs in ad campaign
21 February 2006
After investing more than $1 million in its advertising campaign, the Financial Planning Association has released results indicating more Australians are seeking out financial planners…
New-look AFA to tackle issues head-on
14 February 2006
The Association of Financial Advisers has big plans for 2006. New CEO Richard Klipin has a strategy for financial planners belonging to the group…
Departing Kelly congratulates FPA
14 February 2006
Outgoing CEO Kerrie Kelly has farewelled the Financial Planning Association, saying the group has changed significantly over the past decade…
ASIC praises fee-for-service model
07 February 2006
ASIC is publicly praising financial services companies that chose to adopt “fee-for-service” models rather than commission-based methods, saying the payment method is far better…
AAMI signs on to research centre
31 January 2006
Promina subsidiary AAMI has become the first corporate sponsor of the recently opened Melbourne Centre for Financial Studies…
FPA appoints two independent directors
31 January 2006
The Financial Planning Association has appointed two independent directors in a bid to strengthen its board and bring some new brainpower to the association…
IFSA gives thumbs up to super splitting
13 December 2005
The industry has welcomed the passage through the Senate of legislation to allow couples to split their superannuation…
Second financial literacy survey launched
29 November 2005
Parliamentary Secretary to the Treasurer Chris Pearce MP has launched a second survey of adult financial literacy commissioned by the ANZ Bank…
A conflict of interest, in principle
29 November 2005
After six months of member consultation, the Financial Planning Association board has focused its draft principles on conflicts of interest to four key areas…